Reuters exclusively reported that the world’s top automakers are planning to spend nearly $1.2 trillion through 2030 to develop and produce millions of electric vehicles, along with the batteries and raw materials to support that production. The electric vehicle investment figure, which has not previously been published, dwarfs previous investment estimates by Reuters and is more than twice the most recent calculation published just a year ago.
Automotive
Reuters reveals automakers to double spending on EVs, batteries to $1.2 trillion by 2030
25 October 2022, 5:36 pm 1 minute
Article Tags
Topics of Interest: Automotive
Type: Reuters Best
Sectors: Business & Finance
Regions: Global
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story